London Underground (Investment)

Part of Oral Answers to Questions — Transport – in the House of Commons at 12:00 am on 23rd November 1992.

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Photo of Mr Tony Banks Mr Tony Banks Shadow Spokesperson (Business, Innovation and Skills), Shadow Spokesperson (Business, Innovation and Skills), Shadow Spokesperson, Shadow Spokesperson 12:00 am, 23rd November 1992

Is it not a fact that in his autumn statement the Chancellor announced a 30 per cent. reduction in capital investment for London Underground, as compared with the figure that was announced in the autumn statement of 1991? The chairman of London Regional Transport says that the reduction will mean that the Northern line modernisation will not go ahead. It will mean the closure of Aldwych station and eventually the loss of 7,000 jobs in the supply industry. Is it not amazing that we have the most expensive underground system in Europe and that we have the angriest travellers, the angriest management and the angriest staff? That is a remarkable achievement, even by the Minister's standards.